To Buy or Not to Buy? : Uncertainty, Irreversibility and Heterogeneous Investment Dynamics in Italian Company Data /
This study tests for the presence of real options effects induced by uncertainty and (partial) irreversibility on fixed capital investment using Italian company data. The approach recognizes that firm-level investment spending may, itself, be aggregated over multiple investment decisions in separate...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2004.
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| Series: | IMF Working Papers; Working Paper ;
No. 2004/104 |
| Online Access: | Full text available on IMF |